Tom Perkins Regrets Holocaust Comments, Says "Let The Rich Do What The Rich Do... Get Richer"

Tyler Durden's picture

Following his WSJ letter comparing the "progressive war on the 1% in America" to fascist Nazi Germany persecution of the Jews and "just as Kristallnacht was unthinkable in 1930, the descendant 'progressive' radicalism in American thinking is unthinkable now", Tom Perkins appeared on Bloomberg TV to explain himself. His first step was to apologize for the analogy but not the message that "the creative 1% is being threatened." The interview with Emily Chang is fascinating and wends it way from Rolexs, yachts, and underwater airplanes to trailer parks; and from disconnects with reality to implying Krugman's craziness. However, Perkins sums his message up thus:"the solution is less interference, lower taxes and let the rich do what the rich do - that is get richer... and they will bring everyone else along with them when the system is working." It appears the 'system' needs a different final solution.


Clip 1

CHANG: So more than 90 Jews were killed in Kristallnacht, 30,000 people put in concentration camps. What were you going for (inaudible) analogy?

PERKINS: The Jews were only 1 percent of the German population. Most Germans had never met a Jew, and yet Hitler was able to demonize the Jews and Kristallnacht was one of the earlier manifestations, but there had been others before it. And then of course we know about the evil of the Holocaust. I guess my point was that when you start to use hatred against a minority, it can get out of control. I think that was my thought. And now that as the messenger I’ve been thoroughly killed by everybody, at least read the message.

CHANG: You mentioned the word hatred. Do you feel threatened?

PERKINS: I don’t feel personally threatened, but I think that a very important part of American, namely the creative 1 percent, are threatened.

[Jerry Brown]tells me the number-one problem in America is inequality, and that’s probably and possibly true. And I think President Obama’s going to make that point tomorrow night. But the 1 percent are not causing the inequality. They are the job creators. Silicon Valley is – I think Kleiner Perkins itself over the years has created pretty close to a million jobs and we’re still doing it. It’s absurd to demonize the rich for being rich and for doing what the rich do, which is get richer by creating opportunity for others.

CHANG: How do you feel threatened?

PERKINS: I said I didn’t feel personally threatened. I feel however that as a class I think we are beginning to engage in class warfare. I think the rich as a class are threatened through higher taxes, higher regulation and so forth. And so that is my message.


I think the 99 percent is struggling and really struggling to get along in America. We have ever-increasing regulation, higher costs I think caused by more government than we need. Small businesses – it’s difficult to form and prosper in a small business these days. It’s difficult to hire. And that in my view is what is hurting and causing – hurting the 99 percent and causing the inequality.

So I think that the solution is less interference, lower taxes. Let the rich do what the rich do, which is get richer. But along the way, they bring everybody else with them when the system is working.

PERKINS: I regret the use of that word. It was a terrible misjudgment. I don’t regret the message at all. In fact --


CHANG: What is the message?

PERKINS: The message is any time the majority starts to demonize a minority, no matter what it is, it’s wrong and dangerous. And no good ever comes from it.

Clip 2

As far as Perkins is concerned Kleiner Perkins disavowal of his Op-Ed is them "throwing him under the bus" and missing the warning that any time a majority

Perkins goes on to note that his partner Kleiner fled Austria and Hitler and would have agreed with him...

CHANG: All right. Well let’s talk a little bit about the solution here. You mentioned your friend Eugene Kleiner, the late Eugene Kleiner, fled Austria, fled Hitler. Do you think he would have agreed with you?

PERKINS: Yes, I think he would have because I – I was not talking about the Nazis. I was talking about the persecution of a minority by the majority. And Kleiner always distrusted those sorts of trends in American politics.

CHANG: You have conservatives out there though like Marc Andreessen calling you leading A-hole in the state.

PERKINS: Yes. It wasn’t a very nice word. And considering that he doesn’t know me and I don’t know him, I don’t think he’s entitled to his opinion. If he knew me, perhaps. Paul Krugman called me crazy in today’s New York Times.


CHANG: Paul Krugman also pointed out that rising income inequality can have very negative economic and financial consequences in the sense that if there is – if it leaves us more economically vulnerable and the people who are rich can’t pay for stuff, then everyone suffers.

PERKINS: Well, just what you said is such a contradiction of intermixed ideas. He won the Nobel prize in economics. I can’t argue economics with him, but to demonize the job creators is crazy and to demonize the rich who spend and buy things and stimulate the economy is crazy. I heard on the news hour with – gosh, name escapes me. Anyway, New York Times, and they got into a discussion about the idiocy of Rolex watches and why does any man need a Rolex watch and it’s a symbol of – of terrible values and it’s – et cetera. Well, I think that’s a little silly. This isn’t a Rolex {it's a Richard Mille}. I could buy a six pack of Rolexes for this, but so what?

CHANG: You were called the king of Silicon Valley I believe at one point. How would you describe yourself?

PERKINS: I certainly have enough arrogance to be royal, but I – I’m an old man. I look back upon my career with great happiness. I think I’ve accomplished a lot. If I had to do it again, I don’t know what I’d change. And I’m at peace with myself. And the fact that everybody now hates me is part of the game. And I’m sorry about that, but that isn’t what I meant to do.

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williambanzai7's picture

The System. Now there is a pregnant cliche.

There is nothing creative about a three card monte economy.

Look, a bright object...

knukles's picture

Oh my!

A head looking for a stick....

applelover's picture

good job knuckles, with hate like that, you can try and join the next khmer rouge like group.

Ignatius's picture

"You cannot have a free market for creditors if you don't murder everyone who disagrees with you... or who would try to cancel the debts."

--  Michael Hudson

putaipan's picture

these fuckers are incredible. literaly. i remember when i was first getting interested in this shit ... and found an hour and a half interview with bernie the madoff, watched it, watched him do his "we're market makers" routine,and two days later watched him impolde. i shit you not. my timing was impecable.

now, you get uncle warren describing how well worth jamie is of his salary and raise. as if to say- "you find me someone else who's got the cufflinks to keep my company out of jail and implosion and i'd pay them that too x 2."

and this guy... well, he speaks for himself. let him eat guillotine with frosting on it.

Againstthelie's picture

Yes, it's incredible. And it's even more incredible for the average western citizen, to learn, that the Kristallnacht of the "evil" Nationalsocialists was not action but REACTION. Reaction on the declaration of war of Jewry against Germany and against the boycott of German businesses and shops in the USA. And after another German Diplomat, Ernst vom Rath was mudered by a jew, was the straw that broke the camel's back.

A speech the sheeple should never know:

A Jewish Defector Warns America


Jewish boycott:

SoundMoney45's picture

We have read on Zerohedge for several years that income inequality will tear society's social fabric.  

Here is an older, accomplished gentleman, who knows something is wrong with society, but cannot articulate what.  Very interesting to see.  The following quote comes to mind:

"Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

– John Maynard Keynes

boogerbently's picture

Perkins missing the obvious point.

The "rich have gotten richer" but have NOT brought everyone around them up. 

SoundMoney45's picture

I believe Perkins' point was that he is not rich enough to have been helped by the last 10 years, and that 45% of his wealth will go to taxes upon his death.  

Reptil's picture

some alternative interpretation about the murder of Vom Rath

short biographical factsheet Ernst vom Rath

supermaxedout's picture

I have read the speech from Mr. Freedman appx. 3 years ago.  At that time everything Mr. Freedman spoke about was very strange to me. I had never heard before from the Balfour Declaration. Never heard from the Khazars which as Mr. Freedman states in his speech represent appx 90 or 92 % of todays Jewry. Never heard from a highly effective boycott of German goods starting from 1933 till 1939 organized by the Zionist.  

Never heard about   The Kol Nidre.

And all this despite the fact, that I as a German was since ever very much interested about the Jews, just to know and find out what really happened in the only 12 years of Hitlers government in Germany of which  5,5 years covered WWII.  I was reading everything what was available to me but to tell the truth the only sources available to me were books, newspaper, TV or movies about  Nazi crimes. Nothing else, there was simply nothing else offered to a normal person living in Germany after WWII.    As a consequence my only thoughts when I was reading the speech for the first time appx 3 years ago were: "Oh, what a good piece of Nazi Propaganda" .  Nothing else came to my mind, except that I wondered that it was written by a Jew himself. That must be a very crazy guy, holding a speech about things which I have never heard before and which were contradictive to my "picture".

The internet changed everything.   I gathered a lot of authentical information about the "History of the Jews" in Europe during the last three years while surfing the net.    Today I was reading Mr. Freedmans speech from 1961 again. Today my thoughts are totally different. I must apologize that Mr. Freedman was an "insider" and that he knew it all.

And Hitler knew it also, otherwise he would not have said the following nine months before WWII started: 

" Today I will once more be a prophet: if the international Jewish financiers in and outside Europe should succeed in plunging the nations once more into a world war, then the result will not be the Bolshevising of the earth, and thus the victory of Jewry, but the annihilation of the Jewish race in Europe![10]

— Adolf Hitler addressing the German Reichstag, 30 January 1939

Thus the suffering of the ordinary Jew as well as the ordinary German started. Plus the rest of Europe and Russia became victims.




atomicwasted's picture

A pioneer VC = Madoff = Buffett?  Pull your head out of your ass.

putaipan's picture

edit double post- or shove that six pack of rolexes up his ass and let them cure over a bowl of laos burgoo.

Son of Captain Nemo's picture

Oh no Mr. Knukes nailed it!

And if this watch didn't piss you off enough, here's a guy you want to help run your campaign for President of the United States.  Makes you appreciate what matters most in the average American brain!

WillyGroper's picture

I never heard of any violence or destruction of property with left coast OCW.

Most assuredly with LEO helplessly watching.

He's obviously impaired.

Perhaps he gained altitude too rapidly with that underwater plane. Just listening to the fool gave me the bends.

TheReplacement's picture

He mentioned the targeted being the creative 1% as well as how hard it is to start a small business and hire people.  This is consistent with free market thinkers.  He's seeing one thing clearly but missing the other.  He seems blind to the oligarchy and corruption in government and big business/banking.  Seperate the issues and the whos and this guy seems alright.  Take the shotgun approach and, yeah, khmer time.

artless's picture

"He seems blind to the oligarchy and corruption in government and big business/banking. "

Ummm, because he's ONE OF THEM.


The gujy is a 80 something windbag an nothing less than part of one of the generations who fucked the country up or stood by and let it happen.

And yes I hold my parents and grandparents just as responsible. Hard to respect your elders when they took their country down the tubes, profited handsomely from it, and left us with the tab.


Freddie's picture

He seems blind to the oligarchy and corruption in government and big business/banking.

Yeah because it helped make him rich.  Silicon Valley has their cookie cutter system usually involving Stanford with govt, MIC and intel agency money in the background that gets widely accepted by the market.  The market they create with govt orders, hype, free media advertising, etc.  The Vulture Capitalist run this little widget device to churn out these companies in a real crony system.


I think Perkins had a Freudin slip because he knows that most vulture capitalists like him are shylocks.


A ruthless moneylender; a loan shark. intr.v. shy·locked, shy·lock·ing, shy·locks
To lend money at exorbitant interest rates.
Wait What's picture

these fascist old farts with dementia really, really make me want to start cultivating water hemlock dropwort. so delusional about how the game has worked for so long I think it's about time to let them lapse into their own merry hereafter. that goes for Uncle Warren, too.

mccvilb's picture

The targeted creative 1%? I guess that pompous ass never had to deal with the Kosher Ceiling or had his creative innovations stolen, ie Facebook usurping thousands of patents for ideas never filed for by the original inventors, the people with no money to spare on patent searches and filings who thought they were protected by holding documented proof they were first with their innovative idea. Thanks to the latest patent law, as of last January first to file replaced first to invent. I wonder who ramrodded that jewel through? Oh yeah, sorry, I forgot... corporations are people too.

Kirk2NCC1701's picture

Another self-rightous, arrogant ASS, justifying why "It's good to be a crime boss". 

After all drug lords and crime family bosses are very "creative" also when it comes to sucking money out of people's pockets.

A wolf in wolf's clothing.

atomicwasted's picture

You merely prove his point with your far-left anti-wealth internet threat of violence.  He's a VC.  There is no indication anywhere that he made his money off anything but smart investing.  He didn't steal it, coerce it or pass a law to get it.  Now you want his head on a spike for the crime of being successful.  Perhaps you should just set off a nuke at Stanford and make sure all the engineers, scientists, innovators and VCs in the Valley, and there's a lot of overlap among those categories, perish to satisfy your envy.

Normalcy Bias's picture

Yes, these poor poor persecuted uber rich. If only these troublesome politicians who can be bought for a pittance would get out of the way, slavery could be brought back writ large. Imagine the PROFITS!

GeorgeHayduke's picture

The corporate-military-political system in the USA only allow their media whores to support the top down class warfare. They have glorified the top down war on everyone else for decades, rampping it up to fever pace when Reagan came to office and building it up from there, through all conservative corporate-military friendly presidents since. Party doesn't matter as the 1% always wins.

When the 1% kicks everyone elses ass, buys politicians to pass laws that help them and nobody else, and screws Main Street daily they present it as the natural way things work due to the mythical Invisible Hand. They send out their goons, like Rush, Hannity, O'Reilly, etc... to keep the peons in line with 24-7 barrage of bullshit to keep them baffled. They then use the rest of the media to peddle a less blatant, yet still effective propaganda volley to the non-conservatives. On top of it, they get the conservatives and non-conservatives to fight each other over chicken shit issues while sitting back, laughing and taking even more profits since nobody is watching them. Then, when the 99% just talks about not taking this shit anymore, it's Nazism all over again. The absurdity of it all is beyond belief.

j0nx's picture

This guy is full of shit. The rich ain't doing shit with their money these days but buying off politicians and judges and stealing from the middle class. Out of touch or just a fucking liar is what this guy is.

sgt_doom's picture

Full of uber shit, I believe. This douchebagger is old enough to know that during the 1940s, in the aftermath of World War II, congressional investigations revealed that the Rockefeller, Morgan, Mellon, du Pont, Harriman and Ford families financed a substantial portion of Hitler's Third Reich, and by extension, the Holocaust.

Which is normally what the super-rich are about.....

Blazed's picture

Which Jewish Holocaust? Do you mean the first Jewish holocaust of "6 million" before, during, and after WWI(World War One)?

Or the actual total 280,000 of all people that died due to typhus, direct allied bombing, and later malnutrition and disease, while interned during WWII, as reported by the ICRC which had representatives in the camps since 1942?

Or maybe Dwight D. Eisenhower, Charles De Gaulle, and Winston Churchill just missed a little something, lol.

"Eisenhower's Crusade in Europe is a book of 559 pages; the six volumes of Churchill's Second World War total 4,448 pages; and De Gaulle's three-volume Mémoires de guerre is 2,054 pages. In this mass of writing, which altogether totals 7,061 pages (not including the introductory parts), published from 1948 to 1959, one will find no mention either of Nazi "gas chambers," a "genocide" of the Jews, or of "six million" Jewish victims of the war."

 Or maybe you continue to erroneously accept the discredited(coercion, fabrications) Soviet laden kangaroo court "Nuremberg Trials", which were simply about general "war crimes", not "holocausts", and that even an involved US Federal Court Justice, a prominent Jewish international law professor, US Congressmen, and many others who were directly involved, called a complete fraud.

Freddie's picture

Tis true.  There is too much money in Vulture Capital chasing too few goo deeals which lowers returns.  If you buy politicians - it helps make sure your company may make it or at least get some govt contracts or money to stay afloat and then IPO to scam the public.

midtowng's picture

Those poor wealthy people. They have it so tough.

Assetman's picture

I think Mr Perkins conveniently forgets that the Police State as we know it today clearly have the backs of the "creative 1%".  The OWA movement, as one might recall, got squished like a bug... and there really wasn't one shot fired.  But there easily could have been if the "sheeple" took it a step or two too far.  Those who are truly persecuted are usually the ones staring at the barrel of the largest guns.

As long as our elected leaders operate on the constructs of cronyism, Mr Perkins is going to be able to get by on his multi-million dollar scraps whist investing a token amount to guarantee political peace of mind.  If he really wanted to go somewhere and fear for his life and wealth, he should try giving a go of it in Venezuela.

The sad thing here is that Mr Perkins doesn't really offer a cogent solution, because he really doesn't comprehend the true flows of all this money creation-- and the increasing number of people that are missing out on full-time employment and static wealth because a good chunk of that 1% are stealing it away in plain daylight.  Perhaps its disingenious to believe that he really beleives the crap he says, but I've taken a stab at humoring Mr Perkins, anyway.


samsara's picture

It's insane to play by the rules,

If the rules are insane.

darteaus's picture

Good one.  I'll remember it.

The Gooch's picture

"PERKINS: I said I didn’t feel personally threatened"

Gooch: Watch out for that "creative 1%"

Dagny Taggart's picture

I wonder how persecuted Perkins will feel when the other 99% get really creative...

StandardDeviant's picture

If you are on the side of the baying we-are-the-99% mob, why on earth would you choose "Dagny Taggart" as your account name?

CPL's picture

"Let them eat trust funds."

nmewn's picture

+1, with a caveat.

We should empower the government (of all people) to confiscate half of that welfare mom's lottery winnings so her kids can have a brighter future!

See how that works?

Both ways ;-)


Only seven understood my mix of sarcasm with reality?

Tasty Sandwich's picture

Paul Krugman called me crazy.

A crazy guy calling another crazy guy crazy.  Good times.

CPL's picture

MSM today:  Pots interviewing kettles with edited highlights.

DaveyJones's picture

"And the fact that everybody now hates me is part of the game"

he must be very proud

A. Buttle's picture

You can't make this shit up. 

Well, maybe if you're in the creative class you can, but I digress.

darteaus's picture

Good point!  Funny that nobody is calling for Krugman's head, and he's cheering on the printers.

john39's picture

World is melting down in a central banker scam but the media still wants to remind you of nazis.... Hmmm .....

Sinnedi's picture

Get them to fight instead of letting them unite fuck the Illuminati               divide and conquer

darteaus's picture

Works though, don't it?

darteaus's picture

Not exactly.  The media wants you to condemn those who remind you of how the Nazis did what they did.

royal's picture

Anybody else tired of hearing about the alleged Holocaust like it's God incarnate and anything said against our lord is sin of the highest order?

applelover's picture

im jewish and i didnt mind his analogy.  but yeah, thanks royal, everyone needed the obligatory anti semitic zerohedge comment.

Kinskian's picture

Come the next Kristallnacht, I won't be offering to hide Bernanke or Blankfein in the attic till things blow over.

WillyGroper's picture

I'd offer 'em my septic tank.

Oh wait...

On second thought they might kill the anaerobic bacteria.